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over the fiscal cliff. this morning, we are life in washington. we'll also look at what this means for you and your paychecks. some hard numbers here on what it could cost you if no deal is reached. >>> also ahead, a college student gets a restraining order against her own parents. wait until you hear what drove her to it. >>> and if you have a gift for the holidays that isn't what you were hoping for, we'll show you what happens to many of those unwanted gifts and how they're sold at deep discounts. all that, plus a look back at 25 years of weekend "today" when we get started on a saturday morning right here. have a great day. >> thanks, erica. you too. i can't return my gift from angie. it's personalized. >> i personalized it so he couldn't re-gift. >> smart. >> thanks, erica. >>> today a crowd of enthusiasts are expected at the annual nation's gun show. yesterday, the show was packed with gun owners looking to buy firearms worried about a possible ban on assault weapons. protesters are headed out too. >> we wear pink. >> joan plans to bring her pink coat to the gun show. these p
-- and hunger. host: good morning. as the deadline looms over the fiscal cliff, the attention is shifting to the other end of pennsylvania avenue. the lines of communication remain open. it is friday, december 28. the senate is in session today. stock futures are down in anticipation of what will happen next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dyn
" this morning, with an 11th hour deal to prevent the u.s. going off the fiscal cliff, is that actually going to happen? we have both sides of the aisle and both sides of congress with us. republican representative steve la tourette and democratic senator richard blumenthal. "sex and the city" d.c. style. we'll talk to the authors of the juicy new novel dishing about life working for a demanding senator on capitol hill and he's a mean one. the grinch from the musical joins us live and it turns out he may not be that mean after all. that and much more in 14 minutes or so. the grinch is going to be here. >> in costume, i hope. >> of course. it's going to be the real grinch. it's not an actor, it's the grinch for those kids watching this morning. >> of course it is. thank you, ali. >> good to see you both. >> we'll be watching. 47 minutes after the hour. let's get you up to state with the top stories. six states from pennsylvania to maine facing a winter storm, a big one. 12 to 24 inches of snow could fall in parts of new england. holiday travel just a nightmare on the roads and in the air. more
this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >>> and later this half hour, the christmas edition of our insomniac play list. putting a new spin on some of the old christmas classics. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy calls it revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-called assault weapons. so they're buying up everything. >> reporter: an abc news washington post poll show as majority of americans continue to favor more restrictions on gun ownership. even sales of gun safes are shooting up. >> peopl
force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a de
comforts that town right now. also this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >> more likely than a couple days ago. >>> and later this half hour, the christmas edition of our insomniac play list. your favorites performed with an updated beat. putting a new spin on some of the old christmas classics. >> good to see ceelo hanging out with the muppets there. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy whose district includes newtown calls it tone deaf and also revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-c
.  >>> and welcome back. we are still talking about the fiscal cliff this morning. and we are joined now by virginia democrat jeremy connoly who came in on new year's eve. thank you so much. >> good to be here. >> your colleague was just on here congressman roe from tennessee. he was mentioning spending cuts being the big issue. but give me your take on this. your reaction. >> it is more than that. last time we balanced the budget under bill clinton, revenues and spending were inbalanced. we were spending and 20% coming in as revenue. those numbers have changed. we're at 24-25% spending, too high. revenue is down to 14-15%. too low. we have to lower spending and raise revenue. it's not rocket science. and the unwillingness. what my good friend phil roe didn't say on air was he's taken the pledge. never ever to raise taxes. all but 7 of my republican friends have taken that pledge which is a huge impediment to our getting something done. >> do they have to stick to that pledge? >> i hope they will renounce that pledge. the only pledge worth taking when you get elected to the united states congress is
this morning, the impending fiscal cliff creating plenty of jitters on wall street despite the fact that congressional leaders are meeting with the president today to try to hammer out a last-minute deal. the dow, nasdaq and s&p 500 futures all pointing lower this hour signaling a potential selloff at the opening bell. not just the fiscal cliff with the potential threat to the economy, thousands of dockworkers from maine to texas could go on strike within days if their union can't reach a deal with major shipping companies. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to
at citi.com/pricerewind. good >>> good morning, the fiscal cliff countdown clock is ticking. president obama and lawmaker will return to washington in hopes of inking a last-minute deal.
rolling on averting the fiscal cliff. in a letter to star birks employees made public this morning, chief executive howard s \cc chultz next employees that is approximately 120 d.c. area stores to write come together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- size ipad may be sticking to its new semi and release schedule. new reports suggest that apple's plans to launch a new standard, lauder 9.7 in. ipad as soon as march 2013. the fourth ipad model was just released last month along side the ipad mini, but march was also suggested in recent red ipad mini remorse. >> we will be right back. heavy snowfall in the sierra is causing dangerous conditions for skiers. in the past three days, two people have died and two others have been injured after being called in
to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york will host what is arguably the biggest new year's eve party in the world. number one tip. if you plan to come to times square, dress warmly. it is frigidly cold. "cnn newsroom" starts right now. >>> good morning. i'm suzanne malveaux sitting in for carol costello. this morning the clock ticking louder. the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how inv
by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the colts sideline yesterday cancer free as the colts won 28-16. >> i feel so blessed to be back with you guys in the battle. thank you. thank you so much. captioning funded by cbs >>> welcome to "cbs this morning." i'm norah o'donnell with anthony mason. as we wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to
that town right now. also this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >>> and later this half hour, the christmas edition of our insomniac play list. putting a new spin on some of the old christmas classics. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy calls it revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-called assault weapons. so they're buying up everything. >> reporter: an abc news washington post poll show as majority of americans continue to favor more restrictions on gun ownership. even sales of
to the hospital with a blood clot. >>> and less than 24 hours until the nation heads over the fiscal cliff. we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been planning to return to work this week. >> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everybody know i'm willing to get this done but i need a dance partner. >>> vice president joe biden is now in on negotiations. >> do i wish things were more order will i in washington? absolutely. >>> a tour bus crashed on an icy oregon highway has killed nine people and injured 20 others. >> today is december 231st. there's going to be a huge celebration in times square with everyon
. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for t
in san francisco. fiscal cliff talks will resume this morning in washington. when will have a live look from the senate floor. also inside the office of one of the richest man is on the planet. warren buffett. those stories and much more when the kron4 morning news continues. >> >> compared to yesterday that the nasty weather would not be the case today. high- pressure is in control and we will continue to see the sunshine and dry weather. not only this afternoon but clear conditions will continue into the evening hours. satellite and radar pictures look like mainly active whether it has shifted too our east. we are dry for now but we have changes to talk about as another storm is headed in our direction. i will break down full details and walk you through future cast four and my next report. >> it continues to be a pretty good ride even though we had a few minor incidents on the peninsula. they have cleared up now and the bay bridge ride and has a light traffic and no meat during lights. the quick check commute shows we're dealing with much much lighter than usual traffic. you'll not f
cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control. we'll hear from someone from nra >>> and from ""zero dark thirty"" to "lincoln, we'll look back at the best films of 2012. that's your "cbs morning news" on this monday. thanks for watching. i'm duarte geraldino, have a great day. -- captions by vitac -- www.vitac.com december 24. i'm frank mallicoat. >>> you're watching cbs 5 eyewitness news this morning. >>> hi, everyone, and good morning. >>> here's a check of your forecast. >> things beginning to settle down a little bit. not done with the showers yet. the rainfall will be on and off. hoping for a little more sun toward the afternoon and some drier weather on the way. >> and all that rain yesterday packed a punch on the roadways. we had a lot of flooding reports and some roads still shut down. closed by valley ford road. we also have a closure until about 5:00 this morn
morning long. a big day at the white house. just four out -- we are from the fiscal cliff deadline. president obama will meet with leaders today to avoid tax hikes. we will have an in-depth report just a few moments. here is a check of the traffic. >> here is the impact of the water main break. this is 355 just south of the beltway. the right lane is still squeezing by. the best way is to head into georgetown road. we will take a look at springfield with everything moving smoothly. 395 moving without delay, accidents, or incidents. at the forecast. >> 37 degrees is our temperature right now. way into theour upper thirties and low '40's with sunshine between the cloudiness. t is when tonight, tha the snow begins. think everyone will get some mixing through the south and east. heavier amounts in the blue area.ry the snow lasts through the g tomorrow and dries up in the day. it will be sunny but breezy on sunday. >> double for watching. have another update [ cheers and applause ] >>> wow. amazing. hello. hello. good morning. look at d.j. kiss, getting it done. she's also a smart d.j.
about the looming fiscal cliff and the president's approach to negotiations. krauthammer giving his take on why a deal has not been reached yet. >> it has been very clear from the beginning that he had no intention to solve the fiscal issues. he has been using this and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition, the only redut of the opposition is the house. his objective from the very beginning is to break the will of republicans in the house and create an internal civil war. he has done that right up until now obama has what he wanted which is a partisan political success. he has been less worried about the fiscal issue for two reasons number one he does not care about debt. he hasn't in the four years, and number two, he thinks he's a political winner if we go over the cliff. he thinks he's holding all of the cards. >>> house gop leaders have decided to have the house of representatives turn on sunday evening just in case there's a deal made in the final hours. >>> now to some stories you can bank on this morn
as lawmakers work to avoid the fiscal cliff. but the clock is winding down. i don't know about you, but i'm so tired of talking about this. >> i feel the exact same way. >> just go over the cliff, get something done so we can stop talking about it. >>> a chilly end to 2012. it is cold out there. old man winter reminding us what time of year it is. a large part of the nation will ring in the new year with temperatures below freezing. >> we wouldn't know anything about that because it is hot as -- >> in the studio you mean. >> yes. >> maybe it's warm because i have my new slippers on that rob got me. >> that's not fair. >> you can put them in the microwave. >> really? >> yes. >>> but if warm, sunny skies are more your style, pasadena is the place to be. we'll take you behind the scenes of the annual rose parade to see how an army of volunteers build the majestic floats that smell so good. >> pasadena is more my style this time of year. >>> we begin with hillary clinton. the 65-year-old secretary of state is in a new york hospital suffering from a blood clot. >> a spokesman would not say where th
on the fiscal cliff. not yet. >> lawmakerks not find common ground, and we will all be paying taxes come tomorrow. it is monday, december 31. >> from abc news, this is "world news now." >> good morning, everybody, i'm john muller in for rob nelson. >> good to have you here. >> great to be here. >> i'm paula faris. a little later this morning, lawmakers are going to make a last-ditch effort to make a compromise. here's the latest on the talks in just a moment. but first, a look at some of the other stories. a health scare for hillary clinton. the secretary of state is hospitalized this morning after doctors discover a blood clot. we'll have the latest on her condition. >>> also this morning, a different kind of contract for a young iphone user, what this teen's mom is making him agree to before he's allowed to talk or text. >> i think it's fantastic parenting by the way. >>> a huge weekend in nfl action. the bitter end for some teams. >> yeah. >> bears. and the beginning of playoff hopes for others, who's out, who's in, who shouldn't be. fantastic details. >> bears and giants are both out
as negotiations continue over the fiscal cliff. host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions and the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. thank you for being here. guest: thank you. host: how many people in america receive social security? guest: a little bit more than 56 million people get social security. the average benefit is a little over $1,200 a month. so maybe it is like $13,000, $14,000 a year. host: we're talking about retirees but also the disabled. guest: yes, fairly wide group of people get social security benefits, retired workers, spouses, children, disabled workers, widows, widowers. it is a fairly big social safety net of people who get social security benefits. host: as you mentioned about 56 million the retirees received a $1,2 a month. there is also the s.s.i. about $500 a month. how does social security get financed? guest: it has been a self funded program.
. president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm willie geist in this morning for matt. we have the party music on for a reason. it's someone's birthday in this room today. happy birthday, savannah. >> thank you. i'm getting my musical request for today. a little techovibe. >> we will have the carbon daters to take us back to the day you were born. >> do you need to tweet out my age? >> i gave some hints. >> turning 30, very excited about that. >> we'll let you have that one. >> a lot of wind in the n
the fiscal cliff. the dow lost 158 points, it is currently a five day losing streak in its longest since july. the nasdaq reported 25 points. >> banks rack up a record to $10.7 billion in fines in 2012. that includes what the banks paid to u.s. and state of 40's-but it does not include the billions more paid to european regulators. most of the fines were related to improper mortgage practices. >> making interstate phone calls could soon get cheaper. for prison inmates. prison call systems are different than normal pay phones. a typical 50 minute conversation current cost an average of $16. that is largely due to fees that call providers are allowed to charge prisoners in some states. here in new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, inmates did charge almost 90¢ a minute. the sec is planning to open the public comment about reducing rates nationwide. >> the u.s. population is said to hit 350 million by the new year's day. it has an increase of less than 1 percent since april 2010, which was the last time the population snapshot was tak
with their families today. great to have amy, paula and rachel with us this morning. >>> a big headline in the fiscal cliff showdown. now, just four days from heading over the edge. the meeting that could change it all today at the white house. jon karl is here with the very latest on that. >>> and then, we have a shocking headline this morning. teachers training to shoot guns on the job. using this holiday break to learn how to handle firearms. applications for these classes are up all across the country. we're going to talk much more about that in a bit. >>> we want to get right to the breaking news this morning. it affects so many americans hoping to adopt. the president of russia has just signed a bill, banning americans from adopting russian children. and this stops kids from being adopted by american families, leaving russia, to move here to start a new life. abc's lama hasan has the latest from london. good morning to you, lama. >> reporter: good morning to you, josh. this controversial new bill banning u.s. citizens from adopting russian children is igniting a firestorm among human rights act
at 2:00 p.m. eastern. no legislative work is expected. we have an update on fiscal cliff negotiations this morning on "washington journal." guest: this is a recession between christmas and new year's. i do not know. maybe they should finish their work. you will see some push in the next few days to get a small deal done. viewers are fan of the process. anything that gets done needs to be done quickly before new year's to be signed into law. today is the 27. and so you have a few days left for lawmakers to make a deal. the president's should land at some point. there is a 5 hour time difference. they have to figure out something. it seems likely will go over the cliff. it has been looking like that before the holiday, but certainly now, particularly if you remember for congress broke for the christmas break, speaker raynor was not able to get the backup plan through his caucus, so there was no pressure on democrats to try to counter that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering.
are desperately trying to reach a deal on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is
. >>> right now, we want to turn to the fiscal cliff negotiations in washington. this morning there is cautious optimism from both sides that a deal of some sort can be reached. kristin welker is at the white house with the latest. good morning. >> reporter: erica, good morning to you. the focus is on the senate this saturday morning as majority leader harry reid and minority leader mitch mcconnell try to cobble together a last-minute plan. meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the no
story this morning, that looming fiscal cliff. three days left for congress and the president to reach a deal and avoid billions in tax increases and spending cuts. earlier i spoke with former fdic chairman sheilah bear. she gave her predictions on what a deal might look like. >> i do think actually they're going to get a deal. but i think it will be more along the lines of kicking the can down the road. i don't think from this point that we'll get meaningful deficit reduction. certainly not meaningful tax reform. i do think that there will be perhaps a permanent extension of the lower tax rates for those making at least under $500,000. the payroll tax cut on the other hand will go away, i think. it's highly likely. that is going to impact a lot of workers. >> bair also took on the credit sthamp increasing the -- criticism that increasing the tax on capital gains. >> this is an aberration in the tax code. it is grossly unfair. you look at if they raise, say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean that small businesses, a
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the americ
, in 90 seconds with the fiscal cliff coming, is a carbon tax also on the way? you thought it was gone, not so. that's next. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >> well, we've already talked a lot the about it this morning. president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a l
morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, an
with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to tr
gate bridge. a cold morning but we have nice weather on tap. also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they w
was talking about the fiscal cliff. >> some of the leading voices this morning told me that, first of all, we are on fantasy island, and secondly, another leading voice said that everything that happens today is inconsequential. >> right. >> i will tell you, i don't think it is. i think it matters and i think everybody wants one thing, for washington to get it done, get a deal done! get a deal done! >> but this deal is only a precursor to the more important deal. >> yeah, well, at some point -- >> she wants you to get that one done, too. >> get it all done. >> at some point we're going to hurt ourselves very badly. we already have. well, if it's way too early, it's time for "morning joe," but now it's time for the fix. the fix is in for chuck todd and "the daily rundown." >>> the ball will drop in times square tonight at the stroke of midnight, but in washington, have lawmakers already dropped the ball? with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton
cliff. senate majority leader this morning said it looks like that is where we are headed, certainly investors don't like to hear that. the white house has said that the president has made separate calls to congressional leaders as he heads back to dc to try to deal with the deadline. >>> this morning the labor department reported a better than expected report on the number of jobless claims, 350,000 people filed for first time unemployment benefits last week. that's down 12,000 from the week before. most economists expect that to hold steady from the week before but they warn that decline may be blown up because government offices were closed monday and tuesday. >>> and more sign that the economy is improving. the commerce department said sales of new homes rose 4.4% in november. americans bought new homes at the fastest pace in more than two and a half years. they said demand was up more than 15% from a year ago. >>> consumer confidence has fallen because people are so worried about that fiscal cliff. the index has hit the lowest level since august. the concern is over tax increase
, the 11 9 hour, reaching a decision on the fiscal cliff. not yet. >> lawmakerks not find common ground, and we will all be paying taxes come tomorrow. it is monday, december 31. >> from abc news, this is "world news now." >> good morning, everybody, i'm john muller in for rob nelson. >> good to have you here. >> great to be here. >> i'm paula faris. a little later this morning, lawmakers are going to make a last-ditch effort to make a compromise. here's the latest on the talks in just a moment. but first, a look at some of the other stories. a health scare for hillary clinton. the secretary of state is hospitalized this morning after doctors discover a blood clot. we'll have the latest on her condition. >>> also this morning, a different kind of contract for a young iphone user, what this teen's mom is making him agree to before he's allowed to talk or text. >> i think it's fantastic parenting by the way. >>> a huge weekend in nfl action. the bitter end for some teams. >> yeah. >> bears. and the beginning of playoff hopes for others, who's out, who's in, who shouldn't be. fantastic det
. >> reporter: veronica, good morning. as that gun debate heats up, we are also approaching the fiscal cliff. we're talking about uncertainty now on two issues close to american's hearts and across the country people are responding. some spending less this holiday this season as the fiscal cliff nears and others buying guns as that intensifies. fresh off a demand for armed guards in school, nra's wayne lapierre remained defiant in his one and only interview with david gregory. >> if it's crazy for calling for armed police in our schools to protect our children, call me crazy. >> reporter: the nra's leader dismissed calls for weapons bans. >> reporter: americans are responding, some buying weapons. >> i'm here to take advantage of an opportunity to do something about that before it happens. >> reporter: others protesting at gun shops. >> it's just not right. it's just insanity. insanity. >> reporter: back on capitol hill lawmakers address how to address this prickly issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are riskin
to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants
is reacting already to this. in fact, i was raiding a report this morning that the fiscal cliff has hit for many businesses because they're having to finalize their payrolls for 2013. what are you hearing to the leaders that you're talking to? >> i call it a curve and i think it's not as big a deal as a lot of other people think because ultimately something is going to happen. and what should happen is no plan b. for plan b to go is crazy. and they should go for the big plan or no plan whatsoever because what's going to happen is taxes will go up and then all of these republicans that signed the so-called pledge are going to be able to reduce taxes, and therefore, they haven't violated their pledge because they'll be reducing taxes. not increasing them. a deal will be made. but it's got to be the right deal. regardless of cliff or curve, it's got to be the right deal. we have to get this country back on track. and it is just so incredible what is taking place. i've been watching this and you've been watching it and been reporting on it very well for years. this isn't just something that
later on this morning. >> as washington lawmakers continue efforts to solve the fiscal cliff, what's at stake for muni bonds. the bling's the thing. $14 million worth. a look inside the ultra-exclusive tiffany salon straight ahead. >>> about an hour into trading here. some of the stories we're squawking about here. shortened day of trading today. the stock market will close at 1:00 p.m. eastern. gold will close at 12:30. facebook is accused of dodging taxes in the uk. the london "times" said they tried to hide taxes. a tablet for under $100, the journal said acer selling a $99 tablet next year. similar to the amazon kindle fire and barnes & noble nook color. >> by now, we all should certainly know about the fiscal cliff, shouldn't we. but there's another so-called cliff that's getting people's attention. brian shactman has more. >> some calling it the container cliff. negotiations broke down late last week. that could be bad news from massachusetts to texas. if there's no deal, several thousand dock workers could walk off the job at 15 ports at 12:01 a.m. on december 30th. this inc
associate at the tax policy center. caller: thank you, good morning. mr. rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date and would the debt ceiling debate blooming, could that delay federal refunds? thank you. guest: yes. the question about the i.r.s. is a good one and it is an important one. so it almost is certainly bound to complicate the filing season. i think already the i.r.s. has said that they are -- they have not released updated withholding tables for winner to. -- 2013. what that means is employers will use the withholding tables for federal income tax. but if a deal is made or no deal is made, that's going to have to change and at some point, employers will have to change their federal income tax withholding amount. i mentioned with the alternative minute 34u78 tax, that will -- minimum tax, that will complicate the season. i think the i.r.s. has said as many as 70 million tax filers could be subject to delays if the a.m.t. is not patched for 2012. host: antonio in nashville, tennessee. you're o
, the democrat, gathered some folks to do a press conference talking about the fiscal cliff and the impact of those spending cuts. let's look at that now and we will wait for senator mccain. >> ok. are we ready? good morning. welcome to the cold morning press conference outside of the senate office building. i'm the executive director and i am one of the nuns on the bus. [laughter] we are here to continue the message that our congress needs to find a solution to the facing. we gather today as a broad coalition of all sorts of members from the washington advocacy community and people from all around the country to stand here together to say we need a conagra's that governs. problems. we are especially concerned today about lifting up middle- class families who were so apprehensive about the future and the working poor who get keep -- keep getting pushed far. it is my great honor to introduce one of the members of the senate who is pushing for a reasonable solution and, reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa
-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off at $250,000. we will see if that ultimately is what senate majority leader reid rolls out. as of this point in time, we're expecting this to be a limited measure to deal just really with the fiscal cliff, which was supposed to be appear incentive to deal with the long-term fiscal health of the country. not part of this, obviously looking at a big package. >> can you do this even if everything goes right? getting through the two houses. i don't think the house is anywhere near -- they couldn't get a million collars for the cap of the tax rates expiring. so what is the position
policy center. caller: thank you, good morning. mr. rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date and would the debt ceiling debate blooming, could that delay federal refunds? thank you. guest: yes. the question about the i.r.s. is a good one and it is an important one. so it almost is certainly bound to complicate the filing season. i think already the i.r.s. has said that they are -- they have not released updated withholding tables for winner to. -- 2013. what that means is employers will use the withholding tables for federal income tax. but if a deal is made or no deal is made, that's going to have to change and at some point, employers will have to change their federal income tax withholding amount. i mentioned with the alternative minute 34u78 tax, that will -- minimum tax, that will complicate the season. i think the i.r.s. has said as many as 70 million tax filers could be subject to delays if the a.m.t. is not patched for 2012. host: antonio in nashville, tennessee. you're on the "washington
about running off the fiscal cliff. the deadline for preventing tax hikes and government spending cuts is just one week from today. the president and congress return to washington later this week. it's likely they'll work right to new year's eve. one possibility is striking a deal on taxes but leaving the spending for later. >>> overseas now, where an american has been killed by an afghan policewoman. the attack took place at police head quarters in kabul. where there have been similar insider attacks, this is the first time a female security officer has been involved. >>> the nra is not backing away from its call for armed officers in our nation's schools. and the group vows to fight any effort by congress to strengthen gun control laws. now congressman chris murphy, whose district includes newtown, calls the stance "tone deaf and revolting." >>> a real christmas gift, it would be getting to where you're going on time today. storms are causing major travel trouble throughout the nation. it's not only trying to get through snow-covered roads. rain and wind are grounding flights in the
as we get it. >>> increased fears this morning about running off the fiscal cliff. the deadline for preventing tax hikes is one week today. it is likely that the president and congress will work right to new year's ever. >>> overseas now, where an american has been killed by an afghan policewoman. there have been similar insider attacks, but this is the first time a female security officer has been involved. >>> the nra is not backing away from the call for armed officers in schools. congressman chris murphy, whose district includes newtown calls the stance tone deaf and revolting. >>> a rel christmas gift, getting to where you're going on time today. storms are causing major trouble. not only trying to get through snow-covered roads. rain and wind are grounding flights in warmer parts of the country as well. >>> finally, christmas a good time to do star-gazing. jupiter and the moon will be close together in the sky and very bright. you'll be able to see them even in urban areas. the star of bethlehem may have been a similar astronomical event. you have to look to the east south
morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up th
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